Elevator Address

2518 Lockhead Rd
North Gower, ON K0A 2T0
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com

Mailing Address

6830 4th Line Rd
North Gower, ON K0A 2T0
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com


 
Printable Page Canadian Market News   Return to Menu - Page 2 3
 
 
Howard Leaman                                                     Oct 22/18

     Canola traded on both sides of unchanged on Monday, holding close to
last Friday's closing levels for much of the day. The market turned lower,
however, and ended lower in response to increased farmer selling of canola 
as the harvest in western Canada progresses. Soft demand added to the 
selling pressure. 
     The selling pressure in canola was curbed by continued uncertainty 
surrounding the size and quality of this year's Canadian canola crop. The
wet and cold weather this fall have almost certainly taken a toll on 
output. Outside markets provided little direction for canola on Monday as
the oilseeds and the Canadian dollar held close to unchanged.

                                   Resistance     Support
               Jan Canola          504.00         496.50
               Mch Canola          511.00         503.60

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